Indiana Statutes
§ 13-21-11-4 — Application of proceeds
The board shall apply the proceeds of a note
issued under this chapter or IC 13-9.5-9-7 (before its repeal) to the cost
of the facility for which the grant is to be made or bonds issued,
although a purchaser of any obligations is not liable for the proper
application of the proceeds.
[Pre-1996 Recodification Citation: 13-9.5-9-7(d).]
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Legislative History
As added by P.L.1-1996, SEC.11.
Nearby Sections
15
§ 13-11-1-1
Applicability of definitions in this article§ 13-11-1-2
Applicability of definitions in IC 36-1-2§ 13-11-2-0.1
Application of certain amendments to chapter§ 13-11-2-0.2
Application of certain amendments to prior law§ 13-11-2-0.3
"Aboveground petroleum storage tank"§ 13-11-2-0.4
"Aboveground storage tank"§ 13-11-2-0.5
Repealed§ 13-11-2-0.6
Repealed§ 13-11-2-0.7
"ABS sensor"§ 13-11-2-1
"Active area"§ 13-11-2-1.5
"Acute hazardous waste"§ 13-11-2-10
"Asbestos"§ 13-11-2-100
"Hazardous waste facility"§ 13-11-2-101
"Hazardous waste landfill"